<ul><li>China retaliates to President Trump's new slate of U.S. import tariffs with an additional 34% tariff on U.S. goods.</li><li>Beijing also announced controls on exports of medium and heavy rare-earths and added 11 U.S. entities to the 'unreliable entity' list.</li><li>Shares of tech companies like Apple, Tesla, Alphabet, Microsoft, and Meta decline, along with banks' shares.</li><li>Fears grow that the trade dispute could temper consumer confidence, reduce spending, weaken loan demand, and pressure fees from advising on deals.</li></ul>

Apple stock hit hard as China retaliates to President Trump’s new slate of U.S. import tariffs

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